07/19/2011 Session

One trade triggered:

Sold YMU11 @12,448, stopped out @12,466; P&L: -18 points.

Session low was 12,334, session high 12,552 and settlement price 12,507. 

Orders for 07/20 session:

Buy YMU11 @12,252 with 12,234 stop and 12,288 take-profit.

(Daily S2 support @12,246; weekly S1 support @12,315)

Sell YMU11 @12,598 with 12,616 stop and 12,562 take-profit.

(Daily R1 resistance @12,595 and weekly R1 resistance @12,594; daily Pivot Point @12,464)

[ For some background and a disclaimer, please read this post and especially this post. ]